eurozone
eurozone Articles
The European Central Bank this morning got its long-term refinancing operation (LTRO) off the blocks with a bang. Eurozone banks took €489 billion ($641 billion) of the 1%, three-year loans,...
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nationsonline.orgSeveral plans to salvage the eurozone have moved in different directions in the past few days. That is not an encouraging sign. It shows that the crisis is hardly over, and the fact...
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The price of gold topped 1,100 euros/ounce yesterday, its highest point ever against the single currency. The yellow metal is also threatening its US dollar peak, having risen to more than...
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Italy’s sovereign debt trails only the US and Japan in size. For a relatively small nation with debt totaling 120% of GDP, $2.2 trillion in debt is a big deal. Yesterday’s action on the Milan...
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A argument has arisen about whether the facility put together last spring to help finance Greece and to cover future bailouts of eurozone nations if they need it is large enough. The package put...
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The balance of power in Europe is simple. Germany is the largest nation by GDP. It is also the healthiest economy in the region, driven by intelligent industrial and labor policy and robust exports....
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Spain lost its precious Aaa rating as Moody’s downgraded its sovereign debt one notch to Aa1. The agency said the outlook for the new rating is stable. Moody’s gave three reasons for the...
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Greece will never default on its sovereign debt. That is, at least what Greece’s finance minister George Papaconstantinou says. His argument has less to do with his nation’s precarious situation...
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